Carnaby Resources Limited engages in the exploration and development of mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.30|
|52 Week High||AU$0.21|
|52 Week Low||AU$0.55|
|1 Month Change||-11.77%|
|3 Month Change||-6.25%|
|1 Year Change||-41.18%|
|3 Year Change||300.00%|
|5 Year Change||15.38%|
|Change since IPO||22.45%|
Recent News & Updates
|CNB||AU Metals and Mining||AU Market|
Return vs Industry: CNB underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.
Return vs Market: CNB underperformed the Australian Market which returned 21.3% over the past year.
Stable Share Price: CNB is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CNB's weekly volatility (9%) has been stable over the past year.
About the Company
Carnaby Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold and copper deposits. It holds interests in the Pilbara Gold Projects covering an area of approximately 442 square kilometers located in the Mallina Basin; Greater Duchess Copper-Gold Projects covering an area of approximately 323 square kilometers located in Mount Isa Inlier, Queensland; and the Yilgarn Margin Copper-Gold Projects located in Western Australia.
Carnaby Resources Fundamentals Summary
|CNB fundamental statistics|
Is CNB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNB income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.0031|
|Net Profit Margin||8.48%|
How did CNB perform over the long term?See historical performance and comparison
Is Carnaby Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNB (A$0.3) is trading below our estimate of fair value (A$0.38)
Significantly Below Fair Value: CNB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNB is poor value based on its PE Ratio (95.5x) compared to the Australian Metals and Mining industry average (14.6x).
PE vs Market: CNB is poor value based on its PE Ratio (95.5x) compared to the Australian market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CNB is overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (2.6x).
How is Carnaby Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Carnaby Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Carnaby Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNB has high quality earnings.
Growing Profit Margin: CNB became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CNB has become profitable over the past 5 years, growing earnings by 23.4% per year.
Accelerating Growth: CNB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CNB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: CNB's Return on Equity (3.5%) is considered low.
How is Carnaby Resources's financial position?
Financial Position Analysis
Short Term Liabilities: CNB's short term assets (A$7.1M) exceed its short term liabilities (A$917.9K).
Long Term Liabilities: CNB's short term assets (A$7.1M) exceed its long term liabilities (A$334.2K).
Debt to Equity History and Analysis
Debt Level: CNB is debt free.
Reducing Debt: CNB has not had any debt for past 5 years.
Debt Coverage: CNB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CNB has no debt, therefore coverage of interest payments is not a concern.
What is Carnaby Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CNB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CNB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CNB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CNB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CNB's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Rob Watkins (53 yo)
Mr. Robert Holmes Watkins, also known as Rob, BSc (Hons), MAusIMM has been Managing Director at of Carnaby Resources Limited and its Executive Director since April 23, 2019. He served as the Head of Geolog...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD196.62K) is below average for companies of similar size in the Australian market ($USD302.38K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Experienced Board: CNB's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.
Carnaby Resources Limited's employee growth, exchange listings and data sources
- Name: Carnaby Resources Limited
- Ticker: CNB
- Exchange: ASX
- Founded: 2016
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$35.384m
- Shares outstanding: 117.95m
- Website: https://carnabyresources.com.au
- Carnaby Resources Limited
- 78 Churchill Avenue
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:58|
|End of Day Share Price||2021/10/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.